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What Jerome Powell's renomination as US Fed chair means for crypto
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cnbctv18.comThe renomination of Jerome Powell as the US Federal Reserve Chairman has been welcomed by the crypto industry, as analysts believe it signals continuity of policies related to digital currencies.Cryptocurrencies have seen a meteoric rise in the last couple of years helped by low-interest rates and risky bets from consumers with high savings rates. Powell's reappointment, analysts say, raises hope that easy monetary policy will continue.Both Powell, and Lael Brainard, appointed as the Vice Chair, are considered to be doves, which augurs well for proponents of cryptocurrency as a hedge against inflation.
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